They are on their second loan with the Soro Yiriwaso microfinance institution, seeking to satisfy the needs of their customers.
In this group of women Ms. Djénébou trades fabrics. She is the third person standing from the right.
With her loan she plans to buy 10 lengths of pagne cloth (colorful West-African fabric). She will then resell them retail, on the spot or at the market, for cash, to a customer base consisting of a majority of women.
She expects to make an average monthly profit of 22,000 FCFA she will use to pay off the loan and interest, putting the rest into savings.
Elles sont à leur deuxième prêt avec l’institution de micro finance Soro Yiriwaso dans le souci de satisfaire le besoin de leur clientèle.
Mme DJENEBOU fait le commerce de tissus dans ce groupe de femmes. Elle se tient debout en troisième position à partir de la droite.
Elle compte acheter avec son prêt 10 pièces de pagnes qu’elle revend en détail sur place et au marché à une clientèle composée pour la majeur partie de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 22.000 FCFA dont une partie est utilisée pour payer le prêt et son intérêt et l’autre pour son épargne .
Important InformationSoro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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